Mutual Fund Basics
Mutual funds are a type of investment vehicle that pools money from multiple investors. The value of the fund's shares fluctuates based on the performance of the underlying securities. Mutual funds are managed by professional fund managers and may have lower minimum investment requirements than other types of investments.
This guide will provide you the basics of mutual funds, the different types and how it can help you along your investment journey.
When you invest in a stock, you're buying shares of a company. When you buy a mutual fund, you're buying shares in a fund which invests in multiple securities such as stocks. Learn more about the difference and how you can invest in them.
There are many types of mutual funds, which can make it a challenge to choose the right funds for your needs. Understanding the basic types of funds could help you with your personal investment objectives.